IGM Financial Inc. (OTCMKTS:IGIFF) Given Consensus Rating of “Hold” by Brokerages

IGM Financial Inc. (OTCMKTS:IGIFF) has been given an average rating of “Hold” by the six research firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company.

Several brokerages recently weighed in on IGIFF. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of IGM Financial in a report on Friday. Scotiabank restated a “sector perform” rating on shares of IGM Financial in a report on Tuesday, April 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of IGM Financial in a research report on Monday, May 11th. BMO Capital Markets reissued a “market perform” rating on shares of IGM Financial in a report on Wednesday, April 29th. Finally, TD Securities reaffirmed a “buy” rating on shares of IGM Financial in a report on Monday, May 11th.

IGM Financial Price Performance

IGIFF stock opened at $58.70 on Monday. The business’s 50-day moving average is $56.49 and its two-hundred day moving average is $51.28. IGM Financial has a 1 year low of $31.16 and a 1 year high of $59.78.

About IGM Financial

IGM Financial Inc is a Canada-based wealth and asset management company that provides a range of financial planning and investment solutions to individual and institutional clients. Through its wholly owned subsidiaries—IG Wealth Management, Mackenzie Investments, and Investment Planning Counsel—the firm offers advisory services, mutual funds, segregated funds, and a suite of managed portfolio solutions designed to meet diverse investor needs. IGM’s business model centers on delivering fee-based and commission-based products through a network of financial advisors and distribution partners across Canada.

The company’s flagship arm, IG Wealth Management, operates one of the largest financial advisor networks in the country, offering advice on retirement planning, tax strategies, estate and legacy planning, and insurance products.